NextEra Energy, Inc. (NYSE:NEE) Stake Cut by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 450,827 shares of the utilities provider’s stock after selling 9,030 shares during the period. NextEra Energy accounts for about 2.3% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 9th largest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in NextEra Energy were worth $32,320,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Howard Capital Management Group LLC lifted its stake in shares of NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the period. Old Port Advisors acquired a new stake in shares of NextEra Energy in the third quarter worth approximately $223,000. Jacobsen Capital Management boosted its holdings in NextEra Energy by 6.0% in the third quarter. Jacobsen Capital Management now owns 4,096 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 232 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in shares of NextEra Energy by 6.7% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 4,811 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 304 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its stake in shares of NextEra Energy by 1.3% in the 3rd quarter. Avitas Wealth Management LLC now owns 38,773 shares of the utilities provider’s stock valued at $3,277,000 after purchasing an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.4 %

NEE opened at $70.97 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market capitalization of $145.99 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.45 and a beta of 0.58. The stock has a fifty day moving average of $70.47 and a 200-day moving average of $76.42.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. NextEra Energy’s payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NEE. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average target price of $85.85.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.